Passbook account definition

Passbook account means an account under which debits and credits are posted by the bank recording them in a passbook originally given by the bank to the customer and presented to the bank for such recording by the customer.
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Passbook account means an account which is evidenced by a
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Passbook account means an account which is evidenced by a passbook, certificate of deposit or similar document.
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Examples of Passbook account in a sentence

  • You will not receive a periodic statement noting these transactions on your Passbook account.

  • If the only type of electronic fund transactions are preauthorized deposits you will not receive a statement for your Passbook account.

  • All Final Accounts Receivable (as defined in Section 5.24) not collected by Buyer within the 180-day period following the Closing Date shall be reassigned by Buyer to Seller in return for Seller's payment to Buyer of the face amount of such Final Accounts Receivable.

  • The Client is exempted from service fees for single purchases made over the counter and online banking after opening a Gold Passbook account with Bank SinoPac.

  • When a Client opens a Gold Passbook account, these provisions shall apply in priority.

Related to Passbook account

  • Direct Account : means any Account which is not an ISA Account.

  • Investment Account As defined in Section 3.12(a).

  • Business Account means a dedicated deposit account opened at the financial institution selected by the single allocation platform in the name of the single allocation platform or at the discretion of the single allocation platform opened by the registered participant, but with the single allocation platform as the beneficiary of the dedicated cash deposit, which may be used for payments by the registered participant;

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.